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Jan 19, 2013
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that is the deficit. you take the sum total of those annual deficits and enter oast on them and that creates the national debt which right now is about 16.4 and change trillion dollars. now, the u.s. treasury is empowered to borrow money to make up the shortfall between revenue and expenses, the deficit. but only up to a certain limit. that's the debt ceiling. treasury does not make decisions about how the money is spent. they are simply empowered in this case to write the checks to pay the bills that are already incurred by your democratically elected congress. now that we've hit the debt limit, exceeded it a little bit, the treasury has two options. they can fiddle around with $200 billion the way you would if you're a little short on your monthly bills, paying some now, refinancing a little bit. that would get us through mid-february to early march. once that stops working the treasury needs to rely on the cash it has on hand and the revenue that comes in each day from taxes. problem is there isn't alw
that is the deficit. you take the sum total of those annual deficits and enter oast on them and that creates the national debt which right now is about 16.4 and change trillion dollars. now, the u.s. treasury is empowered to borrow money to make up the shortfall between revenue and expenses, the deficit. but only up to a certain limit. that's the debt ceiling. treasury does not make decisions about how the money is spent. they are simply empowered in this case to write the checks to pay the...
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Jan 15, 2013
01/13
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he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >> likewise. >>> the house will vote on the massive hurricane sandy bill and things are heated on the house floor today. >> we are asking, we are pleading and we shouldn't have to beg for money for the northeast to be able to survive. >> but some republicans say they will vote against the bill despite calls from members in their own party to get it done. >>> but first, today's money minute. here's a look at wall street. you see there, the dow down slightly. we'll be right back. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it i
he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >>...
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Jan 23, 2013
01/13
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we're running trillion dollar deficits. and for what would be the fifth straight year and the reality is s&p is downgraded us. they have sent the downgrade possibility sent notice. and we're still acting as if it's still 1995 or 2000 where we aren't running trillion dollar deficits. and but -- i hope it's not the case, but if in the meantime with all of these games as we move around the messaging and try to figure out resequencing and everything. if moon anies follows through the threat that america is not a credit rating -- worthy of aaa credit rating. that's the serious reality. you have the political reality and the economic real fip i hope it doesn't happen. i don't know how long question continue 0 to go on. i don't think we have ten years to actually somehow find a path to balance. i think we need move more quickly. but originally i was asked the question i think rob is there a 10-year balance budget proposal in there? i don't know the answer to that. i'm not for sure. we don't have the numbers from the cbo. i think o
we're running trillion dollar deficits. and for what would be the fifth straight year and the reality is s&p is downgraded us. they have sent the downgrade possibility sent notice. and we're still acting as if it's still 1995 or 2000 where we aren't running trillion dollar deficits. and but -- i hope it's not the case, but if in the meantime with all of these games as we move around the messaging and try to figure out resequencing and everything. if moon anies follows through the threat...
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Jan 23, 2013
01/13
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and reduce our deficit. then he went on to say on february 15 at the budget committee hearing -- quote -- "-- i think this was my question, was this accurate statement that you made, mr. mr. onchltd m.b. director. he said "it's an accurate statement that our current spending will not increase the debt. we've stopped spending money we don't have." i mean i almost can't read those words without the hair standing up on the back of my neck. the director of the office of management and budget appeared before the united states senate budget committee and he said it's an accurate statement, this, baloney, is an accurate statement that our current spending will not be increasing the debt, we've stopped spending money we don't have. nothing could be further -- the lowest single deficit was $600 billion. what about on a different cnn interview on february 14, -- quote -- "it, the budget, takes real actions now so that between now and five years from now we can get our deficit under control so that we can stabilize thi
and reduce our deficit. then he went on to say on february 15 at the budget committee hearing -- quote -- "-- i think this was my question, was this accurate statement that you made, mr. mr. onchltd m.b. director. he said "it's an accurate statement that our current spending will not increase the debt. we've stopped spending money we don't have." i mean i almost can't read those words without the hair standing up on the back of my neck. the director of the office of management...
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Jan 23, 2013
01/13
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he said we are going to keep the deficits and raise tax rates on the rich. campaign city, here we go. i don't think this is specific. it was broad in general and appealed to a lot of universal themes. anyone watching that team will know that it wasn't ideal logical speech. it was an important speech. the is agenda was laid out in the presidential campaign. he won that. the american people voted for that. here, he was laying out the not very specific things he was going to do. but a vision for the country. he was dividing the gop. i don't think the president can take credit for the ambivalence that exists within the republican party. i mean how do you see this? >> there is no question you can't deny that obama wants to end the reagan era. but the second point is, can obama split the republican party? to some extent he did on the fiscal cliff vote. he has a lot of issues like this. immigration and gun control. to mark's point. the president went out there and tested what he believes is his vision. this first term was about being a sen trist and now he is not h
he said we are going to keep the deficits and raise tax rates on the rich. campaign city, here we go. i don't think this is specific. it was broad in general and appealed to a lot of universal themes. anyone watching that team will know that it wasn't ideal logical speech. it was an important speech. the is agenda was laid out in the presidential campaign. he won that. the american people voted for that. here, he was laying out the not very specific things he was going to do. but a vision for...
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Jan 19, 2013
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republicans have taken a pledge, saying they will never raise a dollar in taxes no matter what the budget deficit looks like. he is not why they decided to put the whole u.s. economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying to push it there. those people, i think include key leaders in the party, like the house republican leaders this week who are trying to talk their members down from the ledge. they include folks like david brooks who in saying that republicans look deeply unreasonable, they are telling republicans you are being unreasonable. you need to move to the center. the structure of their argument a bit weird, but they're pushing in the right di
republicans have taken a pledge, saying they will never raise a dollar in taxes no matter what the budget deficit looks like. he is not why they decided to put the whole u.s. economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the...
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Jan 18, 2013
01/13
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that's $1.3 trillion deficit. you know, if the republicans want to save their house majority, they'd better cut spending like there's no tomorrow. we'll have a little debate on our budget priorities next up. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of aer. fiber one. >>> welcome back. >>> welcome back. house budget committee chairman paul ryan announced today that republicans are putting a short-term debt ceiling hike on the table. short-term debt ceiling hike. but here's what i'm not hearing and what we should be hearing is an unambiguous plan to splash spending now. republicans need an absolute rock solid plan to implement the sequester which is $1.2 trillion over the next ten years. this is essential. not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it d
that's $1.3 trillion deficit. you know, if the republicans want to save their house majority, they'd better cut spending like there's no tomorrow. we'll have a little debate on our budget priorities next up. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of aer. fiber one. >>> welcome back. >>> welcome back. house budget committee...
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Jan 15, 2013
01/13
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we have a huge spending deficit problem. they were considering for well over a week the notion of just mint inging a trillion dollar c and calling it good. the federal reserve said that's phony. that doesn't work. and the treasury department on saturday said okay, you are right. we won't go that route. we need serious proposals from the president and it is not just the congress. it is -- we got to work together to solve the country's problems. >> let me -- let me split off debt limit here. are you willing to do the debt limit on its own without any -- president say he's not going to negotiate, are you willing to pass a clean debt limit? >> you know, i think passing a clean debt limit is problematic for the american people as well as for the congress and the country. i think that we should find common ground here to look at spending reforms for the long term to gettous a path to reducing debt and deficit. i think we should look at current spending reductions that could take place and in ways we can grow the economy. i would l
we have a huge spending deficit problem. they were considering for well over a week the notion of just mint inging a trillion dollar c and calling it good. the federal reserve said that's phony. that doesn't work. and the treasury department on saturday said okay, you are right. we won't go that route. we need serious proposals from the president and it is not just the congress. it is -- we got to work together to solve the country's problems. >> let me -- let me split off debt limit...
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Jan 18, 2013
01/13
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leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some people. >> with the white house refusing to negotiate spending cuts and the democrat controlled senate unlikely to pass a budget as part of a long-term deal to raise the tet ceiling, pat toomey of pennsylvania is reintroducing legislation he says will avert the u.s. from defaulting on the debt. >> we must prioritize three categories of payments. one would be debt service, interest on the debt so we would haven't default. a second would be social curt payment to seniors so they don't worry whether the check is coming or not. the third is pay for the active duty military personnel. >> the white house is
leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some...
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Jan 22, 2013
01/13
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i was expecting an one-sentence toss away like he dedicated to reducing the deficit. it was a whole paragraph and an impassioned plea for it. i was surprised to see it, and it was something that obama had his eye on not only whatever he plans, and we don't know what that is, but whatever he plans to address this problem but he's positioning himself historically. these are the speeches that people look back 50 years later what did obama say at this point in time and he wants to get on the record that climate change is a problem we must solve it. now he needs to match his action to his words. >> john: i have a few clips from the speech i want to get your comments on, quickly beforehand, one more question to you was this the big policy speech? did obama go lbg did he go fdr or soft mondale. >> i think he went soft mondale talking about the issues that he's concerned about. we'll get more specifics in the state of the union. but there was some jabbing to the republicans specifically regarding climate change. that's the kind of thing that causes heart burn for romney in th
i was expecting an one-sentence toss away like he dedicated to reducing the deficit. it was a whole paragraph and an impassioned plea for it. i was surprised to see it, and it was something that obama had his eye on not only whatever he plans, and we don't know what that is, but whatever he plans to address this problem but he's positioning himself historically. these are the speeches that people look back 50 years later what did obama say at this point in time and he wants to get on the record...
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Jan 15, 2013
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he doesn't care about deficits. he's not going to deal on this. >> you know, a couple of times during the news conference, i was interested in this. president obama said to congress, go ahead, give me the power and i'll issue more debt. that's really what he wants. he wants the power to issue unlimited debt so he can have unlimited spending and eventually he's going to get around to unlimited tax hikes. >> well, to be clear, as you know, when we talk about the debt, the president doesn't get to decide, you know, how much we're spending that's something that rests with congress. but in terms of what kate was saying with respect to, you know, him wanting to not really offer any cuts he's incurred the wrath of his party by offering chain cpi to social security. that's a reindexing of the cost of living index, revising down how much elderly people are getting. and he talk about potential fixes to medicare, potentially raising the age. it is not true that he's not willing to do that. i'll say there are a lot of people on
he doesn't care about deficits. he's not going to deal on this. >> you know, a couple of times during the news conference, i was interested in this. president obama said to congress, go ahead, give me the power and i'll issue more debt. that's really what he wants. he wants the power to issue unlimited debt so he can have unlimited spending and eventually he's going to get around to unlimited tax hikes. >> well, to be clear, as you know, when we talk about the debt, the president...
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Jan 15, 2013
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down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor laws, workplace safety laws, environmental regulations to protect, in a sensible fashion, the economy. foreign countries can sell them cheaper the in this country and i think that applies to automobiles as well. maybe the way to have these sensible regulations is to have a sensible tax along the line you are talking about. host: we are talking with freshman democrat from pennsylvania, rep cartwright. next caller. caller: the definition of the fault is not being able to pay your bills. -- the definition of default is not being able to p
down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor...
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Jan 20, 2013
01/13
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you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see you back again next sunday. thank you for joining us. ♪ ♪ ♪ ♪ [ multiple sounds making melodic tune ] ♪ ♪ [ male announcer ] at northrop grumman, every innovation every solution comes together for a single purpose -- to make the world a safer place. that's the value of performance. northrop grumman. o0 c1 we're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ ♪ it means cleaeaner, cheaper american-made e energy. but we've got to be careful how we get it. design the wells to be safe. thousands of
you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see...
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Jan 23, 2013
01/13
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it's not about increasing the deficit. the debt limit is simply the way congress pays for things that we have already bought. things like the wars in iraq and afghanistan. by the way, my friends on the other side continue to insist we don't pay for, just goes on our credit card. things like the medicare prescription drug benefit that was not paid for that my friends on the other side of the aisle championed. things that the republicans have voted for over and over and over again. we can and we should have an open and thoughtful debate on our spending priorities and our deficit. that is what we're supposed to do, but playing games with the debt limit, threatening to default should not be an option. but that's just the way -- but that's just what the bill before us does. it once again kicks the can down the road. instead of passing a clean long-term debt ceiling bill, one that could ensure that america doesn't default on its debt and obligations, the republicans have chosen to bring a bill that -- up that would put us right
it's not about increasing the deficit. the debt limit is simply the way congress pays for things that we have already bought. things like the wars in iraq and afghanistan. by the way, my friends on the other side continue to insist we don't pay for, just goes on our credit card. things like the medicare prescription drug benefit that was not paid for that my friends on the other side of the aisle championed. things that the republicans have voted for over and over and over again. we can and we...
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Jan 22, 2013
01/13
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it has nothing to do with the deficit and suppressing that. it has everything to do with the integrity of americans' credit abroad and international people who depend on our form of fiscal government and integrity, and so he's talking apples and oranges. we have to deal with spending, but spending cuts doesn't necessarily mean that you're saving money. you can cut health care. you can cut education. you can cut supporting the military, and you can pay for that one way or the other, and that means more money. so just slashing across the board and recklessly saying we're spending too much money on these things, people on social security didn't cause this crisis. people on medicare didn't cause it. poor people are not responsible for the deficit we have today, and the records show that. so hurting them may make you feel good, but every republican has somebody, some memory of everybody in their family that was not well off, and i think the president is going to remind them of that. >> congressman charles rangel, as ever, thank you so much, sir. >>
it has nothing to do with the deficit and suppressing that. it has everything to do with the integrity of americans' credit abroad and international people who depend on our form of fiscal government and integrity, and so he's talking apples and oranges. we have to deal with spending, but spending cuts doesn't necessarily mean that you're saving money. you can cut health care. you can cut education. you can cut supporting the military, and you can pay for that one way or the other, and that...
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Jan 24, 2013
01/13
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we need a -- $ trillion deficit. we need a -- $1 trillion deficit. we need a serious plan to address the deficit, however, the senate has gone nearly four years without passing an annual budget. taking a year by year approach and addressing only discretionary spending will not solve our long-term spending problem. we must take a comprehensive long-term approach to the federal budget, a comprehensive approach to spending must address the long-term solvency issues on entitlements such as medicare, medicaid and social security. without reform, spending will remain on an unsustainable path while the medicare and social security trust funds are emptied before the majority of americans currently are paying in even qualified to become beneficiaries of those programs. today's legislation will allow us to work with the senate in achieving this long-term deficit solution we know would meet the needs of americans. thank you. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan. mr. levin: i yield one minute to the
we need a -- $ trillion deficit. we need a -- $1 trillion deficit. we need a serious plan to address the deficit, however, the senate has gone nearly four years without passing an annual budget. taking a year by year approach and addressing only discretionary spending will not solve our long-term spending problem. we must take a comprehensive long-term approach to the federal budget, a comprehensive approach to spending must address the long-term solvency issues on entitlements such as...
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Jan 17, 2013
01/13
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and let me talk a little bit about the deficit implication. allegedly these guys are saying they want to try to help our debt situation. the debt held by the public is about $10 trillion. that makes the math kind of easy. if we lurch from crisis like this every couple of months, at some point our creditors, the folks who lend ution money, are going to insist on an interest rate premium. suppose it goes up 0.1%, ten basis points. that is equivalent to $10 billion more of debt obligations, and the last time we even bellied up to this debt ceiling debate according to the bipartisan policy center, it cost us about $19 billion over ten years because of the very interest rate affect i'm defining. this is a manufactured crisis mentality with the goal of disparaging government and slashing the heck out of social insurance and spending. make no mistakes about it. >> to jared's point, it does nothing to the deficit. >> it makes it worse. >> it makes it worse. >> paul ryan has never been interested in deficit reduction. if you look at the ryan -- >> hang
and let me talk a little bit about the deficit implication. allegedly these guys are saying they want to try to help our debt situation. the debt held by the public is about $10 trillion. that makes the math kind of easy. if we lurch from crisis like this every couple of months, at some point our creditors, the folks who lend ution money, are going to insist on an interest rate premium. suppose it goes up 0.1%, ten basis points. that is equivalent to $10 billion more of debt obligations, and...
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Jan 22, 2013
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being all hung up about the debt and deficit. he didn't go on and on, even in his speech about the convention, he talked about a $4 trillion deal. if this is an indication of where he is going, we're done with it. >> i want to see what he says about the state of the union. this has to be jointly -- >> we'll have you back. >> thank you. >> no, this is an inauguration night. >> i promise original thoughts when we come back for it. >> don't start to reach into a future episode of this show. the comedy team of sam stein and ryan grim, thank you for joining us. >>> coming up, the president's call to broaden equality. going back to seneca and stonewall. joy reid will join me. [ mom ] a new game? that'll save the day. so will bounty select-a-size. it's the smaller powerful sheet. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less, with bounty select-a-size. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shoutin
being all hung up about the debt and deficit. he didn't go on and on, even in his speech about the convention, he talked about a $4 trillion deal. if this is an indication of where he is going, we're done with it. >> i want to see what he says about the state of the union. this has to be jointly -- >> we'll have you back. >> thank you. >> no, this is an inauguration night. >> i promise original thoughts when we come back for it. >> don't start to reach into a...
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Jan 22, 2013
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but it is not about deficits and debt. it's about their discomfort with the programs themselves. >> and it's about dealing with the challenges right now. one of the most compelling parts of the speech as i sat there listening and watching is when he said with all of the arguments, we must act now. listen to this. >> progress does not compel us to settle centuries-long debates about the role of government for all time. but it does require us to act in our time. >> act in our time. and not just get in these long unending debates. martin luther king used to call it the paralysis of analysis. >> we may will be coming to the end of one. with medicare and social security and medicaid. what was so striking about the speech yesterday was that obama -- the lack of an olive branch to republicans that we've heard from him before. when you talk about the summer of 2011, he was talking openly about willing potentially to have a deal that included some modifications to medicare. there was talk of raising the medicare eligibility age wou
but it is not about deficits and debt. it's about their discomfort with the programs themselves. >> and it's about dealing with the challenges right now. one of the most compelling parts of the speech as i sat there listening and watching is when he said with all of the arguments, we must act now. listen to this. >> progress does not compel us to settle centuries-long debates about the role of government for all time. but it does require us to act in our time. >> act in our...
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Jan 23, 2013
01/13
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, why didn't the president mention the deficit in the inauguration? >> he talked about it. >> hal: that's what i mean. >> did he say the word "deficit"? >> hal: i believe so. >> talked about spending. >> hal: yes. regardless, the republicans house republicans have been spending -- they've spent $3 million defending the defense of marriage act. >> yes. >> hal: the bill that guarantees the federal government will not protect the rights of gays to get married and basically move from state to state. if you get married in massachusetts and you want to move to arkansas, they don't have to recognize it if they don't want to. that took legislative priority. that was important enough -- they couldn't move on s-chip legislation in a couple of sessions but they could really -- you know -- >> hone in on this. >> hal: hone in on this. they have paid a lawyer, paul clement, $520 an hour according to think progress, to defend it in court. and his reasoning as to why it should not be seen before the supreme court and why it should not -- it should stand and never be
, why didn't the president mention the deficit in the inauguration? >> he talked about it. >> hal: that's what i mean. >> did he say the word "deficit"? >> hal: i believe so. >> talked about spending. >> hal: yes. regardless, the republicans house republicans have been spending -- they've spent $3 million defending the defense of marriage act. >> yes. >> hal: the bill that guarantees the federal government will not protect the rights of...
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Jan 23, 2013
01/13
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we had exploding deficits, international intervention that we're still paying a price for. and of course, wall street running wild. and now this president gathers the economy and what he has done over the last 35 months of private sector job growth. but was the president's speech proof positive that the mainstream in america is left of center? >> i think we've seen the left center emerge over the last years, ed, but too often the media doesn't pay attention to it. survey after survey shows americans want to see defense cut instead of social programs. they want to see higher taxes on the very rich as opposed to cuts in social programs. that majority, that view has been there. and i think president obama, with the wind at his back of a rising american majority, of a new coalition in this country has seized that energy and is moving with it and understands in the speech he spoke of we, we the citizens invoking the greatest documents of our founding, saying you must participate in order to do that. but here is one thing, ed. you know, this country has been confronted with the p
we had exploding deficits, international intervention that we're still paying a price for. and of course, wall street running wild. and now this president gathers the economy and what he has done over the last 35 months of private sector job growth. but was the president's speech proof positive that the mainstream in america is left of center? >> i think we've seen the left center emerge over the last years, ed, but too often the media doesn't pay attention to it. survey after survey...
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Jan 22, 2013
01/13
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being all hung up about the debt and deficit. he didn't go on and on, even in his speech about the convention, he talked about a $4 trillion deal. if this is an indication of where he is going, we're done with it. >> i want to see what he says about the state of the union. this has to be jointly -- >> we'll have you back. >> thank you. >> no, this is an inauguration night. >> i promise original thoughts when we come back for it. >> don't start to reach into a future episode of this show. the comedy team of sam stein and ryan grim, thank you for joining us. >>> coming up, the president's call to broaden equality. going back to seneca and stonewall. joy reid will join me. ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support yo
being all hung up about the debt and deficit. he didn't go on and on, even in his speech about the convention, he talked about a $4 trillion deal. if this is an indication of where he is going, we're done with it. >> i want to see what he says about the state of the union. this has to be jointly -- >> we'll have you back. >> thank you. >> no, this is an inauguration night. >> i promise original thoughts when we come back for it. >> don't start to reach into a...
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Jan 19, 2013
01/13
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, the average person thinks that we suddenly had a revenue shortfall and that's why we're running a deficit. they have no idea that we've got tons of revenue but that spending is at a ridiculous level now. 25% of gdp. it needs to get down to 17% of gdp. nobody has explained this to the public properly or convincingly. >> aunder your favorite presidet the debt has gone from roughly 10 trillion to 16 trillion. we just had the treasury numbers out yesterday. in fact, in the last year it went up again 1.3 trillion. now, this leaves an opening for the republicans. but i don't think they're smart enough to take it. and i agree with costa. actually, the president, who is a very clever political guy, they're letting him get off because he doesn't want to cut 13e7bding. mark is right. except smash the defense department. the rest of it, the entitlements, the discretionary, the little entitlements, he doesn't want to touch them. >> i don't know. was there a question in there? >> i think somewhere. somewhere there's a question. >> i don't know what to say. i guess spending is not what the democrats ru
, the average person thinks that we suddenly had a revenue shortfall and that's why we're running a deficit. they have no idea that we've got tons of revenue but that spending is at a ridiculous level now. 25% of gdp. it needs to get down to 17% of gdp. nobody has explained this to the public properly or convincingly. >> aunder your favorite presidet the debt has gone from roughly 10 trillion to 16 trillion. we just had the treasury numbers out yesterday. in fact, in the last year it went...
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Jan 17, 2013
01/13
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MSNBCW
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cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating has jumped nine point ins the last three months. at the very same time, the other side is fractured. destroying themselves. they're even threatening impeachment over the issue. we want all tools available to use including impeachment. >> could that build up to make a case for possible impeachment. >> all options should be on the table, undoubtly. >> and if that weren't enough, they're back. that's right, the birther brigade is stronger than ever. 64% of americans think president obama is hiding important information about his early life. 64%. no wonder the gop is going off the deep end. and no wonder the president is looking better than ever joining me now, jonathan kapart. thanks for coming on the show tonight. >> 64% is questioned about the president's early life. how do you explain that? well, look. 64% questioning the president's ear
cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating has jumped nine point ins the last three months. at the very same time, the other side is fractured. destroying themselves. they're even threatening impeachment over the issue. we want all tools available to use including impeachment. >> could...
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Jan 23, 2013
01/13
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when we're spending our time here talking about the deficit stuff and raising the deficit we are simply saying to the world, for the first time america is not going pay its debts. my question to you, mr. johnson is this, if this was such a good idea, why haven't we done it before? we could have saved a lot of money by not paying our debts. why did we suddenly decide this the s the time to do it? give me the understanding so the american people can understand after all of these years under the first world war i voted under president bush, both of them to raise the debt limit. but now we're going to stop paying. please tell me why they're doing this? >> congressman, it's not a good idea and it was not the way policy was run. go back to 1789, after the restructuring of debt which alexander hamilton began fiscal government in this country. it took a long time to convince the world that the u.s. was the safest place to put your reserve assets or your rainy day money. it was a great achievement but now it is being thrown away for what i presume some negotiating purposes which makes no sense.
when we're spending our time here talking about the deficit stuff and raising the deficit we are simply saying to the world, for the first time america is not going pay its debts. my question to you, mr. johnson is this, if this was such a good idea, why haven't we done it before? we could have saved a lot of money by not paying our debts. why did we suddenly decide this the s the time to do it? give me the understanding so the american people can understand after all of these years under the...
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Jan 18, 2013
01/13
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WUSA
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. >> which would put a little hole in the deficit. >> the administration does not support blowing up planets. why would we spend countless taxpayer dollars on a death star with a fundamental flaw that can be exploited by a one- man star ship, doesn't make sense. so again going up to 100,000, but with the rate people are signing up for this thing, they could get to 100,000 pretty easy. >> i think the whole idea is they didn't count on the ease of signing with the world of the internet. >> it's participate -- it's participatory. >>> the department of environmental services says the a 30-inch culprit broke at the intersection of arlington boulevard and south irving earlier this week. there may be low water pressure between 6 and 9 p.m. the county has responded to breaks this week at stafford and 16th streets south and quincy and 13th streets south as well. >>> changing temperatures may have played a role in all those water breaks. how low will they go? topper has a check of our forecast from the weather terrace. >> with clear skies and winds dying down temps will fall very quickly tonig
. >> which would put a little hole in the deficit. >> the administration does not support blowing up planets. why would we spend countless taxpayer dollars on a death star with a fundamental flaw that can be exploited by a one- man star ship, doesn't make sense. so again going up to 100,000, but with the rate people are signing up for this thing, they could get to 100,000 pretty easy. >> i think the whole idea is they didn't count on the ease of signing with the world of the...
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Jan 16, 2013
01/13
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CNBC
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the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth which it self might be a function of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac
the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth...
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Jan 22, 2013
01/13
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CNNW
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to have a legacy piece, if it is going to get the legislation that gets through, it will have to be deficits. nixon in china. who can reform entitlements but a democratic president? he is starting where he is. he is starting with the bases. he is not a progressive parading as a centrist. he is doubling down as a progressive. that is where he is. if he is going on move to the center, maybe that happens later. he won't pretend to be at the center from the start. >> part of the reason he doesn't have to do what they would have preferred him do, make the case about the economy is because he is a person who fixed the economy. it was the republican party unfortunately, their stewardship that led to the crash. he saved us from the great depression. i don't think he has to give a speech about how much he cares about the economy. he fixed it. he saved it. now he's saying we're going to keep doing that. let's make sure it includes everybody. that's liberty and justice for all. >> i'll get you a banner that says mission accomplished. you can hang that up there. >> i've got an old one. >> margaret hoove
to have a legacy piece, if it is going to get the legislation that gets through, it will have to be deficits. nixon in china. who can reform entitlements but a democratic president? he is starting where he is. he is starting with the bases. he is not a progressive parading as a centrist. he is doubling down as a progressive. that is where he is. if he is going on move to the center, maybe that happens later. he won't pretend to be at the center from the start. >> part of the reason he...
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Jan 16, 2013
01/13
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is the deficit gone completely at this point? >> the budget is fixed. i inherited a $27 billion deficit. that's what it was two years ago. that's gone. this budget will be balanced. nois i safe from y contingency? no, the world is changing and turbulent. is it going to get worse? then we'll get less money. number two, the federal government often blocks budget reduction that we make in the social services. sometimes we win. sometimes we lose. number 3 we're going to be part of the health care act, president obama's health care plan by expanding our medi-cal program to low-income families. he is promising 100% of the co cost. now, wh if, because of the cliff negotiations and the debt, maybe they'll renege on that. >> reporter: you're being kind of careful here. >> what i'm saying is that people need to understand that a budget is like a piggy bank. the money is in there. no, the money comes in every sniesm day and the spending goes out every day. we are in a position for the first time in 15 years where we can say this year's budget will be balanced and
is the deficit gone completely at this point? >> the budget is fixed. i inherited a $27 billion deficit. that's what it was two years ago. that's gone. this budget will be balanced. nois i safe from y contingency? no, the world is changing and turbulent. is it going to get worse? then we'll get less money. number two, the federal government often blocks budget reduction that we make in the social services. sometimes we win. sometimes we lose. number 3 we're going to be part of the health...
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Jan 15, 2013
01/13
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the deficit. so it shouldn't be surprising, given all this talk, that the american people think washington is hurting, rather than helping, the country at the moment. they see their representatives consumed with partisan brinksmanship over paying our bills, while they overwhelmingly want us to focus on growing the economy and creating more jobs. so let's finish this debate. let's give our businesses and the world the certainty that our economy and our reputation are still second to none. we pay our bills. we handle our business. and then we can move on -- because america has a lot to do. we've got to create more jobs. ofve got to boost the wages those who have work. we've got to reach for energy independence. we've got to reform our immigration system. we've got to give our children the best education possible, and we've got to do everything we can to protect them from the horrors of gun violence. and let me say i'm grateful to vice president biden for his work on this issue of gun violence and fo
the deficit. so it shouldn't be surprising, given all this talk, that the american people think washington is hurting, rather than helping, the country at the moment. they see their representatives consumed with partisan brinksmanship over paying our bills, while they overwhelmingly want us to focus on growing the economy and creating more jobs. so let's finish this debate. let's give our businesses and the world the certainty that our economy and our reputation are still second to none. we pay...
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Jan 21, 2013
01/13
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CSPAN2
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the deficit solving the committee's to read our committees like that effective? simpson-bowles. >> guest: the greatest mistake the president made is not embracing taylor branch tiemann it cannot today. we wouldn't be here today have you taken the simpson-bowles framework although there was a lot that i didn't like i voted to move it so that we would have the debate two years ago, two plus years ago had we had the debate and actually put something on the floor we would have seen something passed. we would have allowed the legislative process we are not allowing the legislative process to work. there's 25 bills that have come out of the house that won't see the light of day and a set for political reasons, not because they don't address problems for the country but so what we still have is people paying politics and how does that impact of the election and how we live while the barn is burning down. .. we have an hour and a half left in our program and we will continue in just a moment. ♪ >> host: senator coburn coming up on our afterwards the program. he's going
the deficit solving the committee's to read our committees like that effective? simpson-bowles. >> guest: the greatest mistake the president made is not embracing taylor branch tiemann it cannot today. we wouldn't be here today have you taken the simpson-bowles framework although there was a lot that i didn't like i voted to move it so that we would have the debate two years ago, two plus years ago had we had the debate and actually put something on the floor we would have seen something...
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Jan 15, 2013
01/13
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FBC
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. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the problem is, you are offering a countervailing you. the republicans, with all due respect, are not. there is not an alternative narrative, not pushing the president to negotiate, and he is not talking to anybody. lou: i love this comment. the president saying of the second amendment is not whether we believe in the second member not. you have to literally hear this to believe it. but. >> the issue here is not whether or not we believe in the second amendment. the issue is, are there sensible steps that we can take to make sure that somebody like the individual in newtown cannot walk into a school and gun down
. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the...
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Jan 23, 2013
01/13
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KQED
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they're concerned about these huge deficits and debt. that's an argument that maybe republicans can get some traction on. i thought this was a good day for john boehner who has had a lot of bad days in leading the house. this was a crase where they had a retreat last weekend. people who were there said it was a very som bell retreat and they agreed to back the speaker. that wouldn't seem remarkable except in the past sometimes they have not been willing to do that. >> ifill: here's i guess the big question, when they say they want to reach across the aisle, when they say they want to talk to democrats, they want to engage, is that real? and is it even necessary? >> well, i think-- i think they want to engage as a way-- as part of the process of achieving their ends. you know, this day andig, everybody says "let's sit and talk." at the end of the day, wield talk and you agree with me and move on to the next subject and you can agree with me as well. that's the way both parties operate. i think the democrats did it much better the last yea
they're concerned about these huge deficits and debt. that's an argument that maybe republicans can get some traction on. i thought this was a good day for john boehner who has had a lot of bad days in leading the house. this was a crase where they had a retreat last weekend. people who were there said it was a very som bell retreat and they agreed to back the speaker. that wouldn't seem remarkable except in the past sometimes they have not been willing to do that. >> ifill: here's i...
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Jan 21, 2013
01/13
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we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things do not zap our initiative, they strengthen us. [ applause ] they do not make us a nation of takers, they free us to take the risks that make this country great. [ cheers and applause ] we, the people, still believe that our obligations as americans are not just to ourselves but to all poste
we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the...
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Jan 21, 2013
01/13
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WMAR
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they rallied from a huge deficit to win the game 28-24 atlanta had a chance to score before the game's end but san francisco came up big on defense so now it's brother against brother in superbowl 47 and jim harbaugh's49ers against john harbaugh's ravens. >>> we are hours away from president obama taking the oath of office outside the capitol. we have more on the historic day. >> reporter: on the west line outside the u.s. capitol the stage is set. officially inauguration day in washington. and they are expecting a turnout of 800,000 people. the president obama took the oath of office on sunday. >> i barack hussein obama do solemnly swear. >> reporter: vice president joe biden did the same. >> congratulationses. >> thank you. >> reporter: the constitution man dates the commander in chief start his term on january 10th. but long-standing tradition when that day is a sunday, a public inauguration is held the next day. the president capped off day one of the two-day inauguration by attending a reception in washington where he addressed supporters. >> you understood it was not just about a
they rallied from a huge deficit to win the game 28-24 atlanta had a chance to score before the game's end but san francisco came up big on defense so now it's brother against brother in superbowl 47 and jim harbaugh's49ers against john harbaugh's ravens. >>> we are hours away from president obama taking the oath of office outside the capitol. we have more on the historic day. >> reporter: on the west line outside the u.s. capitol the stage is set. officially inauguration day in...